Walmart preparing to enter cryptocurrency market

Walmart is preparing to enter the cryptocurrency market, Report informs, referring to Bloomberg.

The company is looking to hire a cryptocurrency expert to develop a blockchain strategy, joining a growing number of major corporations exploring the viability of digital currencies such as Bitcoin.

The position will be responsible for “developing the digital currency strategy and product roadmap” and identifying “crypto-related investment and partnerships,” according to a job posting on August 15 on the retail giant’s website. The senior director will be based in Walmart’s corporate offices in Bentonville, Arkansas.

While Walmart’s specific intentions weren’t immediately clear, the job description refers to the “broad set of payment options for its customers” in stores and online.

The recruitment effort by Walmart comes several weeks after a similar job posting by rival Amazon.com Inc., indicating that the biggest retailers in the US may soon let customers use cryptocurrencies to pay for their purchases.